The Only Watch auction took place today in Geneva. In this auction manufacturers create unique pieces and auction them for a charity.
I streamed a live blog of the event as I watched it. I tried to give my impressions of how prices would land prior to bidding and I think I did OK with my predictions. There were some surprises and almost all of them were positive. 1
1. The Patek lot broke the world record for a wristwatch at $31 million. I think this surpassed even the wildest estimate of what would happen
2. Although the Patek will get all the attention the blacked out Tudor actually was a far bigger surprise. The Patek was 10x its estimated high. The Tudor was 63.6x at CHF 350k. This is really important to note.
3. Vacheron and JLC seriously underperformed. If these houses are able to build reputation in line with Patek then whoever won those lots can look forward to some impressive appreciation.
Overall it is fair to say that these were extremely impressive results. I believe that with the recent stock market rally and some calming of trade tensions we can expect to see strong auction results in the near future. Phillips Double Signed is also happening today and their "Game Changers" is coming up in December so stay tuned.
You can watch the full 2+ hour stream of my coverage below:
I streamed a live blog of the event as I watched it. I tried to give my impressions of how prices would land prior to bidding and I think I did OK with my predictions. There were some surprises and almost all of them were positive. 1
1. The Patek lot broke the world record for a wristwatch at $31 million. I think this surpassed even the wildest estimate of what would happen
2. Although the Patek will get all the attention the blacked out Tudor actually was a far bigger surprise. The Patek was 10x its estimated high. The Tudor was 63.6x at CHF 350k. This is really important to note.
3. Vacheron and JLC seriously underperformed. If these houses are able to build reputation in line with Patek then whoever won those lots can look forward to some impressive appreciation.
Overall it is fair to say that these were extremely impressive results. I believe that with the recent stock market rally and some calming of trade tensions we can expect to see strong auction results in the near future. Phillips Double Signed is also happening today and their "Game Changers" is coming up in December so stay tuned.
You can watch the full 2+ hour stream of my coverage below:
As a passionate supporter of creative fundraising and a lover of fine craftsmanship, I found the Only Watch Auction 2019 truly inspiring. Events like these remind me why I love working as one of the professional ebook ghostwriters bringing unique stories to life, much like each timepiece tells its own.
ReplyDeleteThe Only Watch auction 2019 was a great event bringing amazing timepieces together for a good cause. It’s always interesting to see the amazing designs and craftsmanship in these types of auctions. By the way, while you're seeing events like this I did run into a company that rented out a chiller truck for rent—very useful for event transportation.
ReplyDeleteLooking the essential report for taking serious details into action to resolve the issues. However, seeking the trusted personal website help in UAE to maintain the designs according to the professional requirements to boost engagement.
ReplyDeleteThis was an informative read on the Only Watch Auction 2019, especially for anyone interested in rare timepieces and the craftsmanship behind luxury watches. The detailed coverage helps readers better understand the value, exclusivity, and creative design elements that make these collections stand out. It’s always interesting to see how presentation and visual storytelling play a major role in attracting attention to premium creations. In a similar way, strong visuals are equally important in publishing, where book illustration services help bring ideas to life and create a more engaging experience for readers. Insightful posts like this make niche topics easier to explore and appreciate.
ReplyDelete